Daily Debrief: What Happened Today (Sep 24)

Stories you might have missed

Singapore must prepare for ‘more churn’, as company failures are part of ecosystem renewal: PM Wong

[SINGAPORE] The Republic must prepare for “more churn”, as economic dynamism requires that companies be allowed to fail, said Prime Minister Lawrence Wong in Parliament on Wednesday (Sep 24).

Paya Lebar Green put up for sale at nearly S$600 million, after securing Visa as anchor tenant

[SINGAPORE] Lendlease and Certis have put their recently completed Paya Lebar Green office project up for sale, having secured Visa as an anchor tenant for more than 200,000 square feet (sq ft).

Vers should not create a lottery effect or become a wealth-generating programme: Chee Hong Tat 

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[SINGAPORE] The Voluntary Early Redevelopment Scheme (Vers) should not create a lottery effect or end up becoming a wealth-generating programme, said Minister for National Development Chee Hong Tat in Parliament on Wednesday (Sep 24). 

Rupiah rides surge in Asean cross-border trade using local currencies

[SINGAPORE] The rupiah, ringgit and baht are gradually gaining ground as choice currencies in cross-border trade deals across South-east Asia by companies big and small, as the centre of gravity for global financial activity shifts to the east and companies diversify from excessive greenback exposure.

Singtel’s Optus appoints veteran to lead independent review of emergency calls outage

[SINGAPORE] The board of Australian telecommunications company Optus has appointed Dr Kerry Schott to lead an independent review of the emergency call failure incident on Sep 18.

Singapore stocks slip as US Fed chair Powell says equities ‘highly valued’; STI drops 0.3%

[SINGAPORE] The Straits Times Index (STI) fell 0.3 per cent or 12.27 points to close at 4,290.4 on Wednesday (Sep 24), as investor sentiment cooled after US Federal Reserve chairman Jerome Powell said late Tuesday night that equity prices could be overvalued.